Priming the Risk Attitudes of Professionals in Financial Decision Making

B-Tier
Journal: Review of Finance
Year: 2008
Volume: 12
Issue: 3
Pages: 567-586

Authors (2)

Dalia Gilad (not in RePEc) Doron Kliger (University of Haifa)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We explore the influence of priming on financial decisions by reinforcing subjects' risk-seeking behavior under uncertainty and comparing it to behavior in control groups. We focused on professionals: commercial banks' investment advisors and accountants in CPA firms. Results indicate that priming affects subjects' risk attitudes and investment decisions. Professionals' decisions were affected more than undergraduates', suggesting they employ a more intuitive and less analytic approach in making their decisions. Our work is related to field-data research documenting correlations between returns (investors' decisions) and situational factors, (i.e., weather) by suggesting controlled tests of professionals' behavior vis-a-vis the complexity inherent in field data. Copyright 2008, Oxford University Press.

Technical Details

RePEc Handle
repec:oup:revfin:v:12:y:2008:i:3:p:567-586
Journal Field
Finance
Author Count
2
Added to Database
2026-01-25